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Market Update

BOJ Injects 3 Trillion Yen to Boost Economy

Mayank Mehta, Chandrasekhar Atreya and Sanjay Barot
15 Jun, 2010
New York City

The Bank of Japan has decided to offer as much as 3 trillion yen as loans to companies through banks in an effort to boost the economy. The loans will be for four years and applications from banks will be accepted through March 2012 at the benchmark interest rate, it said in a statement today.

Sensex Gains ; Inflation Rises to 10.16% in May

Mayank Mehta, Chandrasekhar Atreya and Sanjay Barot
14 Jun, 2010
New York City

Annual rate of inflation measured in wholesale price index increased to 10.16% in May compared to 2.67% for a year ago. The index increased 1.7% to 258.1 from 253.7 in April as per a government report released in New Delhi today.

China and Taiwan Agree to Boost Trade

Mayank Mehta, Chandrasekhar Atreya and Sanjay Barot
14 Jun, 2010
New York City

China and Taiwan have agreed to boost trade between mainland China and Taiwan, after the third round of talks ended in Beijing yesterday. China will reduce tariff on about 500 items coming in from Taiwan and in the reverse direction Taiwan will reduce tariff on about 200 items.

Nikkei Climbs 1.8%; Business Sentiment Rises

Mayank Mehta, Chandrasekhar Atreya and Sanjay Barot
14 Jun, 2010
New York City

Stocks in Japan gained for the third day today after a government report showed an improved outlook in the country for capital spending and increased consumer confidence in the world

FTSE Gains; Weir To Acquire Linatex

Arthi Gupta, Mayank Mehta and Sanjay Barot
14 Jun, 2010
New York City

The UK markets climb on rising commodity prices. UK-based Weir Group to buy Malaysia-based Linatex group of companies. Majestic Wine quarterly profits surges 242%.

Akamai, Questcor Decline; SanDisk Gains

Mayank Mehta
14 Jun, 2010
New York City

Intuitive Surgical, Inc. led the decliners in the S&P 500 index with a loss of 2.7%. Energy stocks post solid gains.

Euro-Zone Industrial Output Rises 0.8%

Arthi Gupta, Mayank Mehta and Sanjay Barot
14 Jun, 2010
New York City

European stocks extend gains for a fourth consecutive session after the euro area industrial output rose by 0.8% in April. The euro surges to an 11-day high. Resolution agrees to buy certain Axa operations in the UK for

U.S. Stocks Rally; Cablevision To Buy Bresnan

Arthi Gupta, Mayank Mehta and Sanjay Barot
14 Jun, 2010
New York City

U.S. stocks trade higher on upbeat euro-zone industrial production report. Obama urges BP Plc to set up escrow account to pay for oil spill damages in the Gulf of Mexico. Cablevision agrees to buy Bresnan for $1.36 billion.

Internet Brands Q1 2010 Earnings Call Transcript

123jump.com Staff
14 Jun, 2010
New York City

Revenues rose 12% to $26,4 million and net income rose 35% to $3.1 million or 7 cents a share. Same-website revenues increased 15% year-over-year and unique visitors increased 22%. EBITDA and net income grew 27% and 36%. Revenues from our licensing division grew 24%.

Production in India Surges

Mayank Mehta, Chandrasekhar Atreya and Sanjay Barot
11 Jun, 2010
New York City

India

UK PPI Rises 5.7%; BP Surges 7%

Arthi Gupta, Mayank Mehta and Sanjay Barot
11 Jun, 2010
New York City

UK indexes rose on positive economic data in China and India. UK wholesale inflation increased 5.7% in May and total production output gained 2.1% in April. Hammerson agrees to buy Leadenhall Court office building in London for

Caja Madrid, Bancaja Merge; Club Med Surges

Arthi Gupta, Mayank Mehta and Sanjay Barot
11 Jun, 2010
New York City

European markets track lower after U.S. retail sales declined in May. Wider euro-zone records current account deficit of

DeVry, Pfizer Rise; Dell, SanDisk Fall

Mayank Mehta
11 Jun, 2010
New York City

DeVry Inc. led gainers in the S&P 500 index with a rise of 4.4%. Danone to acquire Medical Nutrition USA, Inc.

Inflation in China Accelerates in May

Mayank Mehta, Chandrasekhar Atreya and Sanjay Barot
11 Jun, 2010
New York City

China stocks rose for the day capping gain for the week, after higher than estimated loan growth and exports confirmed that the nation

Nikkei Gains; Political Turmoil Persists

Mayank Mehta, Chandrasekhar Atreya and Sanjay Barot
11 Jun, 2010
New York City

Stocks in Japan gained after European Central Bank raised it growth forecast for Europe and said it will continue to buy bonds. The rally was led by electronics makers.